Why are copper prices soaring?

December 05, 2025

Why are copper prices soaring?

Along with gold and silver, the price of copper is soaring. But unlike the two precious metals, copper prices are rising for economic reasons, not political. Since the beginning of the year, the supply and demand picture for copper has tightened significantly. Supply has declined because of disruptions at the Grasberg copper mine in Indonesia, the second largest in […]

Trump’s new weakness on China

President Donald Trump’s foremost accomplishment during his first term was breaking the decadeslong bipartisan consensus that Beijing’s threats were only slight irritants amid the far greater opportunity offered by China’s economy. That shift endured into the Biden administration. Today, however, Trump seems determined to reverse course. Trump is increasingly replacing a China policy rooted in […]

AI and the death of macroeconomics as we knew it

It’s not inflation or recession that has blindsided traditional macroeconomists, but irrelevance. Artificial intelligence has not just transformed markets but made our dominant frameworks for understanding them obsolete. For over a century, macroeconomics has relied on tools honed in the industrial age: GDP to measure growth, yield curves to signal recessions, and productivity metrics built […]

What are Trump’s motivations in Venezuela?

If you take his comments at face value, President Donald Trump’s objectives in Venezuela seem clear enough: President Nicolas Maduro needs to pack up his things and get out of Caracas before it’s too late. Trump reportedly reiterated that demand during last week’s phone call with Maduro, even as he rejected the Venezuelan dictator’s demands for […]

The GOP underperformance in Tennessee matters less than you think

A favorite pastime of election watchers and political operatives is to extrapolate every little detail possible from the results of an off-year or off-cycle election. This week was no different. On Tuesday night, Republican congressional candidate Matt Van Epps successfully held Tennessee’s 7th Congressional District for the GOP, while underperforming the district’s recent GOP margins. […]

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Karine Jean-Pierre was no Jackie Robinson

Former President Joe Biden perfectly demonstrated the folly of liberal diversity, equity, and inclusion policies when he hired Karine Jean-Pierre as his White House press secretary. Jean-Pierre was not fit for the job, everyone admits today. Her promotion to a job for which she was clearly unqualified pokes a hole in many liberal arguments for […]

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